Tag Archives: Investments

What’s the average 401(k) balance?


By web gangsta | Published:

It goes without saying:  if you’re not investing in your 401(k) retirement plan at work, you should be.

Everyone knows that if you start saving a little bit of money every paycheck from the time you start your career in your early 20’s, all that compound earnings and interest will lead to millions of dollars upon retirement.

Really – you CAN BE A MILLIONAIRE with just a little bit of effort.

Smartest 401(k) Book You'll Ever Read: Maximize Your Retirement Savings...the Smart Way!
Smartest 401(k) Book You’ll Ever Read:
Maximize Your Retirement Savings…the Smart Way!
Continue reading WHAT’S THE AVERAGE 401(K) BALANCE?

How Many People Do Not Take Advantage of Employer 401K Matching Contributions?


By web gangsta | Published:

What’s the first thing you looked forward to after landing your first job?

Getting that first paycheck, right?

And what’s the first thing your parents likely told you to do with that paycheck?  Put it into the bank.  Save that money for a rainy day.  You’ll get married some day, or perhaps you’ll want to retire comfortably.

And then you got that note from Human Resources that said, “Congratulations! You’re now eligible to participate in the company’s 401(k) retirement savings plan!

So what did you do, hotshot?

Money for Life: Turn Your IRA and 401(k) Into a Lifetime Retirement Paycheck
Money for Life:
Turn Your IRA and 401(k)
Into a Lifetime Retirement Paycheck
Continue reading HOW MANY PEOPLE DO NOT TAKE ADVANTAGE OF EMPLOYER 401K MATCHING CONTRIBUTIONS?

What would you do for a dollar?


By web gangsta | Published:

What would you do for a dollar?

It’s a fair question.  Web Watch has offered $1 to many friends when they said they’d do “anything for money”.  Apparently, it seems, a single dollar was not what they had in mind when they made the offer.

We say that if you’re going to offer to do anything for money, you should definitely lower your expectation of what dollar amount is going to be offered to you.  What you think you’re worth may not be the same as what others believe.

Piggy Bank
Piggy Bank
Continue reading WHAT WOULD YOU DO FOR A DOLLAR?

Here’s why you will never make money with Bitcoin


By web gangsta | Published:

There’s been a lot of press lately about the awesomeness of Bitcoin.

How Bitcoin is going to revolutionize the money system, and how this one currency is void of any possibility for corruption.

Yeah, right.

Bitcoin Exposed: Today's Complete Guide to Tomorrow's Currency
Bitcoin Exposed: Today’s Complete Guide to Tomorrow’s Currency

Continue reading HERE’S WHY YOU WILL NEVER MAKE MONEY WITH BITCOIN

Were Beanie Babies a Good Investment?


By web gangsta | Published:

When was the last time you went through the bins in your storage closet?

Web Watch is betting that you’ve probably squirreled away some things that you thought you’d keep for future kids or grandkids, or maybe you thought that “this may be worth something some day”.

Or maybe you just wanted to have more stuff.  Hey, it happens.

So remember back when Pet Rocks were a thing?  They sold like flapjacks, then everyone realized that all they have was a rock in a cardboard box.  On the other hand, what originally sold for $3.95 can now be had on eBay for $11-$21 apiece, assuming that you have the original packaging.  It’s not a ton of money, but you can’t deny that the price point has certainly increased over the past 30+ years since the Pet Rock was first introduced.

Warman's Bean Plush Field Guide: Values and Identification
Warman’s Bean Plush Field Guide: Values and Identification

Continue reading WERE BEANIE BABIES A GOOD INVESTMENT?

How much money did Winthorpe and Valentine make with orange juice futures in Trading Places?


By web gangsta | Published:

One of the greatest comedy movies of the 1980’s was Dan Aykroyd and Eddie Murphy in John Landis’ classic TRADING PLACES.

For those of you too young to remember (or too old to recall, take your pick), the film was a twist on either My Fair Lady or The Prince and The Pauper (also, take your pick), with a little bit of The Sting thrown in for good measure.  But where The Sting dealt with scamming money through horse racing, Trading Places did it by investing in orange juice futures

Continue reading HOW MUCH MONEY DID WINTHORPE AND VALENTINE MAKE WITH ORANGE JUICE FUTURES IN TRADING PLACES?

It only takes $47,500 to be in the Top 1%


By web gangsta | Published:

Everyone loves a little bit of competition.

Keeping up with the Jones, for example, can drive one to excess consumption at the expense of your credit card payments.

But maybe you’re putting too much pressure on yourself.  Maybe, you’re a lot more rich than you think you are.

Continue reading IT ONLY TAKES $47,500 TO BE IN THE TOP 1%

Give Me Back My Five Bucks: a personal finance guide for young adults


By web gangsta | Published:

From Ramen to Riches: Building Wealth in Your 20s: Or Spending, Saving, Investing and Managing Your Money to Get Rich Slowly, but Surely
From Ramen to Riches: Building Wealth in Your 20s:
Or Spending, Saving, Investing and Managing Your Money to Get Rich Slowly, but Surely

If there’s one piece of advice that Web Watch is always trying to give to our younger acquaintances, it’s that it’s always better in the long run to save as much money as you can for the future.  A while back, we recommended to try to have $10000 in the bank by the time you’re 30 years old, and that’s still a good rule of thumb to live by (call it your “emergency fund”, it still represents about 3-to-6 months take home pay for the average young adult that financial experts recommend keeping available for emergency purposes).

And Krystal felt the same way when she found herself a 20-something with over $20,000 in debt that she decided she wanted to get rid of.  It was an albatross keeping her from future successes. Continue reading GIVE ME BACK MY FIVE BUCKS: A PERSONAL FINANCE GUIDE FOR YOUNG ADULTS

The 25 Documents Everyone Should Have Finalized Before They Die


By web gangsta | Published:

Continue reading THE 25 DOCUMENTS EVERYONE SHOULD HAVE FINALIZED BEFORE THEY DIE